Business
China Stocks Upgraded to ‘Most Preferred’ by UBS Wealth Management
Hartmut Issel, head of Asia Pacific equities and credit at UBS Wealth Management, discusses the outlook for Chinese stocks, the economy and policies. He also talks about the opportunities he sees in global bond markets and financials. He speaks with Shery Ahn and Haidi Stroud-Watts on “Bloomberg Daybreak: Asia.”
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Iran and Oman move toward a new arrangement for shipping through the Strait of Hormuz, with the IRGC saying the two countries have agreed to share fees. Tehran says US actions are delaying the process, while US allies question whether the Strait is fully clear of mines. Trump says the mines have been removed and Hormuz is open.
Oil remains under pressure as markets assess the outlook for Hormuz and global supply.
Nvidia reports $89 billion in data-center revenue, ahead of expectations, while its CFO sees revenue growth of around 70% into fiscal 2028. Supply remains a key constraint, and margins are expected to settle around 72% to 73% as higher memory costs weigh on profitability. Jensen Huang says the AI infrastructure buildout remains at full speed.
Asian chip stocks gain following Nvidia’s outlook, with SK Hynix and Samsung leading the advance. South Korea raises its policy rate to 3% from 2.75% as inflation risks build, while markets prepare for central bankers to discuss inflation at Jackson Hole and watch Warsh’s first speech there. The BOJ also keeps the possibility of a September rate hike open, while Australian bonds fall as RBA hike expectations increase.
Meta agrees to pay up to $18 billion to settle social-media claims. Salesforce rises on its growth outlook and partnership with Anthropic, while Anthropic plans to spend $45 billion on AI computing capacity from Nscale. China’s Z.AI develops its OX Alpha model, and MiniMax reports a sharp increase in first-half sales.
Saudi Arabia pushes deeper capital-market reforms, focusing on derivatives, liquidity and improving market infrastructure as part of Vision 2030. Tadawul gains following the latest measures.
CNOOC reports higher first-half profit as oil prices benefit from the Iran conflict, while Shein prepares a $1.7 billion Hong Kong share sale.
Russia signals a possible escalation in Ukraine as Moscow sees peace talks at a dead end. Flooding along the Nepal-China border leaves around 100 people dead.
In Africa, Next Africa sits down with the Dangote family to discuss plans for an IPO of the refinery arm, the expansion of the family office in 2027 and its strategy for building businesses and investments across generations. Guests include Rajeev Sibal, Morgan Stanley Senior Global Economist, Maribel Lopez, Lopez Research Founder & Enterprise AI Lead and Eric Swats, Rascal Investment Bank Senior Executive Officer.
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
Chapters:
00:00:00 – Introduction
00:04:56 – Nvidia Sees Strong Revenue Growth
00:09:57 – Iran, Oman Agree to Share Hormuz Fees
00:17:26 – Rajeev Sibal, Morgan Stanley Senior Global Economist
00:28:27 – Maribel Lopez, Lopez Research Founder & Enterprise AI Lead
00:34:36 – Eric Swats, Rascal Investment Bank Senior Executive Officer
00:41:46 – Next Africa Sits Down With Dangote Family
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Business
Takeaways from the Google I/O conference#shorts #google #googleai #googleio #artificialintelligence
AI Mode in Google Search is now available to all US users. It’s just one of the AI announcements from the company’s annual Google I/O conference this week. Jackie Davalos shares the key takeaways from the event http://bloom.bg/4doXUUB
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US equity futures waver as markets digest Fed Chair Warsh’s Jackson Hole speech. Oil jumps as the US and Iran exchange strikes for the first time in about a month. G-20 finance ministers and central bank governors gather in North Carolina for a multiday summit. George Goncalves of MUFG sees softer jobs report before the Fed’s next policy meeting.
Chapters:
00:00:00 – Bloomberg Brief begins
00:00:36 – Asia Markets
00:01:47 – Europe, Yields & U.S. Futures
00:04:04 – Fed Chair Warsh at Jackson Hole
00:07:12 – U.S.–Iran Strikes & Oil Reaction
00:15:05 – Top Terminal Stories
00:18:26 – Venezuela Oil Outlook
00:20:30 – Front-Page News
00:21:15 – Market Reset
00:23:27 – MUFG on Fed Timing & Inflation
00:27:22 – Why Long-End Treasury Yields Are Capped
00:29:31 – Warsh on AI & Productivity
00:30:27 – Nepal Floods, Shein & LIV Golf
00:34:54 – Trump & the Midterms
00:36:26 – Tech: Amazon, Apple, Shein & Broadcom
00:41:17 – Week Ahead: Earnings, PMI & Payroll
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.
President Donald Trump dismissed concerns that the conflict in Iran was draining American firepower as clashes resumed in the on-again off-again hostilities that have stretched more than six months, with neither side willing to restart negotiations to end the war.
Global bond yields climbed back to the highest level in almost two decades as rising oil prices fueled inflation concerns and investors ramped up expectations that the Federal Reserve will raise interest rates.
Plus, Anthropic agreed to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia, part of an effort to quickly expand its AI capacity, according to a person familiar with the matter.
Today’s guest: Lale Akoner, eToro, Global Market Analyst.
Chapters:
00:00:00 – Daybreak Europe
00:01:23 – Japan’s 10-Year Bond Yield Hits 3% for First Time Since 1996
00:08:00 – Nvidia Mega-Deal Ushers MediaTek Into Top AI Chipmaker Club
00:11:55 – Trump Dismisses ‘Little War’ With Iran as Mideast Clashes Resume
00:14:26 – Bessent Meets With Finance Chiefs at G20 Gathering
00:17:05 – Modi Urges ‘Friend’ Putin to End Ukraine War
00:20:37 – Kaplan: Fed is Probably 50BP From Neutral
00:24:06 – Russia Faces Pushback
00:27:04 – Global Bond Selloff Sends Yields to the Highest Level Since 2008
00:30:02 – Lale Akoner, eToro, Global Market Analyst
00:34:23 – Europe Inflation Watch
00:39:22 – Shein’s Valuation Drops
00:41:42 – US Army Secretary Driscoll Resigns After Clash With Hegseth
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Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Emily Graffeo, Norah Mulinda and Tim Stenovec.
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@DMCorr
January 7, 2024 at 9:09 pm
WHEN IS CHINA GETTING OFF GLOBAL WELfare?
@maxguem
January 7, 2024 at 9:09 pm
whenever you see financial institutions releasing positive prospect, the crisis is coming otherwise they will make the money for themselves
@aliyahgoodman2673
January 7, 2024 at 9:09 pm
Invest in China real smart trasones traitors
@aliyahgoodman2673
January 7, 2024 at 9:09 pm
What happens if China gets in the war
@murica1898
January 7, 2024 at 9:09 pm
BABA
@chrisc5250
January 7, 2024 at 9:09 pm
It is possible to see a pretty good run in the Chinese market. They been dumping pretty hard, QE beginning and rates dropping. Injecting money should have a positive effect on the market.
@nordtaka6456i
January 7, 2024 at 9:09 pm
All freid with gold eat up nyc alive. See
@chrissandrzyk8692
January 7, 2024 at 9:09 pm
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@chriswilliams2061
January 7, 2024 at 9:09 pm
As expected! Everything about the USD is going down, all thanks to this administration. I for one has been hit very hard and at this point, I am more interested in a solution. What is the way forward for the less fortunate ones like me? How do we survive this phase? I am slowly losing my mind.
@dontjustbeanotherbrickinthewal
January 7, 2024 at 9:09 pm
When they tell you to buy be careful US might band for real never trust media.
@kelvinwu8882
January 7, 2024 at 9:09 pm
I will forever be indebted to you, you've changed my whole life and i continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs Megan Tracey.
@caladr9367
January 7, 2024 at 9:09 pm
And then China sends weapons to Russia, Chinese stocks get delisted. Oops your investment is completely gone! Communist dictatorships = Un-investable
@ivylam0168
January 7, 2024 at 9:09 pm
But if the sanction also starts in China because of the spillover from Russia to the communist regime/ China, Chinese stocks/financial market will be affected severely…I just see the world is collapsing…we are already in WWIII starting with trade wars/sanctions to one another
@ImOvervalued
January 7, 2024 at 9:09 pm
I think you are better of withdrawing that money, pouring gasoline on it, then lighting it on fire. That money will go right into the war chest of the CCP.
@andrewlee1275
January 7, 2024 at 9:09 pm
risky if you ask me. much more from ubs.
@patstoll2090
January 7, 2024 at 9:09 pm
LOL RU SERIOUS THEY ARE IN SERIOUS TROUBLE
@fredfrond6148
January 7, 2024 at 9:09 pm
Buy when there is blood, proverbially, on the streets.
@johnhardin4358
January 7, 2024 at 9:09 pm
House of cards built on sand. Good luck selling that.
@philippgruebler
January 7, 2024 at 9:09 pm
Most preferred by UBS and then it is craterring. To sad to lo laugh….
@meejinhuang
January 7, 2024 at 9:09 pm
It looks like they don't know anything about Xi and China's economy.
@roxssaniwhittembury2385
January 7, 2024 at 9:09 pm
I just di t invest in China to me us the same of worst than investing on Putin
@roxssaniwhittembury2385
January 7, 2024 at 9:09 pm
I just di t invest China ti me is worst or equal to buying from Putin 🙏
@cwaddle
January 7, 2024 at 9:09 pm
I do think that the bottom is very near. The level is similar to that seen in 2008 financial crisis. You make large money when you are bold enough to go against the trend.
@ko5000
January 7, 2024 at 9:09 pm
Kind of ironic after what just happened.
@ChannelNews1
January 7, 2024 at 9:09 pm
Has Facebook bottomed?
@user-tz3wz7et8w
January 7, 2024 at 9:09 pm
😂😂😂😂
@es9382
January 7, 2024 at 9:09 pm
They're falling like a rock…